GBTC share holdings occupied the top spot in ARK Invest’s portfolio a few months ago, but the investment firm started off-loading its GBTC shares in October.
Cathie Wood-led institutional asset management firm ARK Invest liquidated its entire remaining Grayscale Bitcoin Trust (GBTC) holdings worth $200 million on Dec. 28, revealed Bloomberg ETF analyst Eric Balchunas.
Related: BlackRock, ARK revise Bitcoin ETF plans along SEC’s cash-only model
ETF analysts like Balchunas have given a 99% chance of approval for a Bitcoin ETF before the deadline of Jan.10, 2024. ARK Invest CEO Cathie Wood, a known Bitcoin proponent, has said that the chances of a spot Bitcoin ETF are high.
